https://www.taxtmi.com/caselaws?id=357025 The Tribunal partially allowed the appeal, directing the deletion of disallowances based on lack of verifiable vouchers and remanding other issues for fresh consideration by the Assessing Officer. The disallowance of cash expenses exceeding Rs. 20,000 under section 40A(3) was set aside due to evidence showing payments were below the threshold. The disallowance of wages under section 40(a)(ia) was remanded for reconsideration based on retrospective amendments allowing for tax deduction exceptions. The disallowance of wages based on estimation without specific instances of unverifiable vouchers was deleted due to lack of proper verification procedures and lack of opportunity for the firm to address the disallowance. en-us Fri, 02 Feb 2018 00:00:00 +0530 Fri, 16 Mar 2018 08:36:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357025 The Tribunal partially allowed the appeal, directing the deletion of disallowances based on lack of verifiable vouchers and remanding other issues for fresh consideration by the Assessing Officer. The disallowance of cash expenses exceeding Rs. 20,000 under section 40A(3) was set aside due to evidence showing payments were below the threshold. The disallowance of wages under section 40(a)(ia) was remanded for reconsideration based on retrospective amendments allowing for tax deduction exceptions. The disallowance of wages based on estimation without specific instances of unverifiable vouchers was deleted due to lack of proper verification procedures and lack of opportunity for the firm to address the disallowance. Case-Laws Income Tax Fri, 02 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357025